Alphabet (NASDAQ:GOOGL) Price Target Raised to $200.00 at JMP Securities

Alphabet (NASDAQ:GOOGL) had its price target boosted by JMP Securities from $160.00 to $200.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “market outperform” rating on the information services provider’s stock. JMP Securities’ price objective points to a potential upside of 28.21% from the stock’s previous close.

Several other research analysts also recently weighed in on GOOGL. Wedbush upped their price objective on shares of Alphabet from $175.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday. Roth Mkm reduced their target price on shares of Alphabet from $166.00 to $164.00 and set a “buy” rating for the company in a research note on Wednesday, January 31st. UBS Group upped their target price on shares of Alphabet from $150.00 to $166.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. KeyCorp upped their target price on shares of Alphabet from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Morgan Stanley upped their target price on shares of Alphabet from $165.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday. Five analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $173.00.

Alphabet Stock Performance

GOOGL opened at $156.00 on Friday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The company’s fifty day moving average price is $147.22 and its two-hundred day moving average price is $141.16. Alphabet has a 1-year low of $102.63 and a 1-year high of $160.22. The company has a market cap of $1.94 trillion, a price-to-earnings ratio of 26.90, a PEG ratio of 1.47 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The firm had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $70.77 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. On average, analysts expect that Alphabet will post 6.78 EPS for the current fiscal year.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the sale, the chief accounting officer now directly owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the sale, the chief accounting officer now directly owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total transaction of $3,291,525.00. Following the completion of the sale, the chief executive officer now directly owns 2,377,691 shares in the company, valued at $347,832,416.39. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 251,339 shares of company stock valued at $36,377,482. 0.88% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GOOGL. Tributary Capital Management LLC bought a new stake in Alphabet in the first quarter valued at $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in Alphabet in the fourth quarter valued at $30,000. DiNuzzo Private Wealth Inc. bought a new stake in Alphabet in the fourth quarter valued at $38,000. Richardson Capital Management LLC boosted its holdings in Alphabet by 87.5% in the first quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock valued at $45,000 after acquiring an additional 140 shares in the last quarter. Finally, Meritage Group LP boosted its holdings in Alphabet by 1,061.5% in the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after acquiring an additional 276 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

About Alphabet

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.